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ShroomsKit
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May 07, 2013, 04:33:40 AM |
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Okay I am ready for the price to drop now. Sub 100 coins sound great.
No, it really doesn't. It will do nothing but make people lose confidence in the coin. Unless you think that is a good thing ofcourse. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Nightowlace
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May 07, 2013, 04:35:16 AM |
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Okay I am ready for the price to drop now. Sub 100 coins sound great.
No, it really doesn't. It will do nothing but make people lose confidence in the coin. Unless you think that is a good thing ofcourse. Welcome to bitcoin, hope you make it out alive. |
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ShroomsKit
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May 07, 2013, 04:36:39 AM |
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Okay I am ready for the price to drop now. Sub 100 coins sound great.
No, it really doesn't. It will do nothing but make people lose confidence in the coin. Unless you think that is a good thing ofcourse. Welcome to bitcoin, hope you make it out alive. What's that supposed to mean? |
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notme
Legendary
 Offline
Activity: 1904
Merit: 1002
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May 07, 2013, 04:39:23 AM |
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Okay I am ready for the price to drop now. Sub 100 coins sound great.
No, it really doesn't. It will do nothing but make people lose confidence in the coin. Unless you think that is a good thing ofcourse. Welcome to bitcoin, hope you make it out alive. What's that supposed to mean? There aren't very many bitcoins. Unless you can hold onto your coins when the gut wrenching dips happen this market will chew you up and spit you out. |
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mccorvic
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May 07, 2013, 04:39:49 AM |
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Okay I am ready for the price to drop now. Sub 100 coins sound great.
No, it really doesn't. It will do nothing but make people lose confidence in the coin. Unless you think that is a good thing ofcourse. Welcome to bitcoin, hope you make it out alive. What's that supposed to mean? It means that shiz gets crazy around here and everyone wants cheaper coins while also wanting the price to go up. |
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ShroomsKit
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May 07, 2013, 04:41:26 AM |
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Okay I am ready for the price to drop now. Sub 100 coins sound great.
No, it really doesn't. It will do nothing but make people lose confidence in the coin. Unless you think that is a good thing ofcourse. Welcome to bitcoin, hope you make it out alive. What's that supposed to mean? There aren't very many bitcoins. Unless you can hold onto your coins when the gut wrenching dips happen this market will chew you up and spit you out. Don't you worry about me. |
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ronaldlee0917
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May 07, 2013, 04:42:59 AM |
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some taobao sellers started to accept bitcoin
This is no news, but I bet 99% of the forum users don't know about this and they probably don't know what is Taobao. |
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BitPirate
Full Member
Offline
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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May 07, 2013, 04:43:58 AM |
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some taobao sellers started to accept bitcoin
This is no news, but I bet 99% of the forum users don't know about this and they probably don't know what is Taobao. It's pretty good news though -- Some of the sellers on Taobao are huge, making money hand over fist. |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1032
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May 07, 2013, 04:45:05 AM |
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Ok if we breach 78, it will likely resume downtrend for a time, but I think we will not see 78 again.
I hate it when you say "we will not see $xx again" because when you do we ALWAYS see that number again and it usually doesn't take long after you say it. If you really think so, what a valuable advice! Sell 33% of your bitcoins if the price is above the floor and buy them back when we see it. If we cross 110, we could see a minirally. But bid depth above 95 is anemic, $2m. When I went to sleep not that long ago, it was $2m above 105. Bitcoin is wonderful, because it seems that it is always about the right price. It can always go down as well as up, and you can never be sure. Of course, long term it seems to be going up. Only way to trade profitably is to buy low and sell high. It takes skill to know which number is low and which is high. |
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Nightowlace
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May 07, 2013, 04:48:24 AM |
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Okay I am ready for the price to drop now. Sub 100 coins sound great.
No, it really doesn't. It will do nothing but make people lose confidence in the coin. Unless you think that is a good thing ofcourse. Welcome to bitcoin, hope you make it out alive. What's that supposed to mean? There aren't very many bitcoins. Unless you can hold onto your coins when the gut wrenching dips happen this market will chew you up and spit you out. ^^^^--- Step 1. Do not panic sell Step 2. Buy cheap coins whenever possible (what's cheap? whatever you think is a great price for coins) Step 3. Do not panic sell when the price falls below what you thought was a cheap price Step 4. Do not sell whn you think it has reached it's peak only to have to rebuy later at a higher price. Step 5. What goes up might not come down (stole this from someone) Step 6. NEVER SELL ALL OF YOUR COINS (MOST IMPORTANT STEP) Step 7. If you do not follow steps 1-6 please make sure you have the capital to back your ass up. I'm sick of the sob stories. |
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Nightowlace
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May 07, 2013, 04:49:40 AM |
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some taobao sellers started to accept bitcoin
This is no news, but I bet 99% of the forum users don't know about this and they probably don't know what is Taobao. China's version of Ebay |
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Nightowlace
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May 07, 2013, 04:54:31 AM |
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Ok if we breach 78, it will likely resume downtrend for a time, but I think we will not see 78 again.
I hate it when you say "we will not see $xx again" because when you do we ALWAYS see that number again and it usually doesn't take long after you say it. If you really think so, what a valuable advice! Sell 33% of your bitcoins if the price is above the floor and buy them back when we see it. If we cross 110, we could see a minirally. But bid depth above 95 is anemic, $2m. When I went to sleep not that long ago, it was $2m above 105. Bitcoin is wonderful, because it seems that it is always about the right price. It can always go down as well as up, and you can never be sure. Of course, long term it seems to be going up. Only way to trade profitably is to buy low and sell high. It takes skill to know which number is low and which is high. I do agree with you there. I hear a lot of people who say oh it crashed, that's that internet money that just crashed. Yes it skyrocketed, and then corrected however it has constantly been correcting to new highs. This started in the $30 range and now we are hoping for dips to $90. you tell me a stock where I can see these gains (with exception of penny pumps) in this short of time? I love bitcoin and as the CEO of paypal stated "Virtual currency is here to stay" and we are at the forefront. That makes me smile. |
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favelle75
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May 07, 2013, 04:55:29 AM |
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$50 is the new $5, so bitcoin is obviously going to $500 next. I don't mind 1,000% gains even if we go to 50. And will buy more sub-100.
Ok if we breach 78, it will likely resume downtrend for a time, but I think we will not see 78 again.
I hate it when you say "we will not see $xx again" because when you do we ALWAYS see that number again and it usually doesn't take long after you say it. Well I was sitting on the sidelines but I better sell a few so I have some cash for the $78 hit coming in the next two hours. [/quote] THIS. Its gotten bloody annoying. Everytime he says "it will NEVER hit that price again", within a day it hits that price (and lower). |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1032
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May 07, 2013, 05:00:12 AM |
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My reasoning goes like this - it has to touch $100 before leaving this area.
But touching it induces a panic that may go low or lower. Expect a crash immediately if $102 does not hold. The depth above 102 is $400k.
Do not sell your coins, this is not my intention. Prime your buys between 50-100 when we get there.
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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May 07, 2013, 05:02:18 AM |
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So, we're going to see 95 again?
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humanitee
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May 07, 2013, 05:06:03 AM |
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So, we're going to see 95 again?
I think so. Probably further. |
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mccorvic
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May 07, 2013, 05:06:55 AM |
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So, we're going to see 95 again?
As with all things bitcoin, the best answers is a resounding "maybe" |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1032
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May 07, 2013, 05:08:20 AM |
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So, we're going to see 95 again?
I think we will not see 95 again, but 100 is irresistible. But you can never know - after hitting 95 it can induce another rout. If 79 does not hold, more retreat. After that even I would consider that we go to 50, and perhaps we would, perhaps not. Even now people are buying because they think that I am a contrarian indicator and my sudden turn to bearishness bodes well for bitcoin. Long term anything sub-100k is a glaring buy. |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1032
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May 07, 2013, 05:10:20 AM |
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Anyone interested in puts?  As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin.. Imho, we will see either 110 or 102, one before the other. Prepare accordingly. |
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Babylon
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May 07, 2013, 05:12:58 AM |
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Anyone interested in puts? As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin.. Imho, we will see either 110 or 102, one before the other. Prepare accordingly. Can you explain what you are offering? I have read a bit about puts and they don't make a lot of sense to me. |
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